Bank of California: The San Francisco bank,...
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From Times Staff and Wire Reports
Bank of California: The San Francisco bank, a unit of Mitsubishi Bank, disclosed that it lost $19 million in the fourth quarter after setting aside $50 million largely for problem real estate loans. The bank, which disclosed its earnings to employees, said it has been hurt by the slowdown in California’s economy. For 1990, earnings fell 75% to $11.5 million.
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